Aperio Group LLC grew its stake in Dollar Tree (NASDAQ:DLTR) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,118 shares of the company’s stock after acquiring an additional 5,055 shares during the quarter. Aperio Group LLC’s holdings in Dollar Tree were worth $8,457,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in Dollar Tree by 38.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,890 shares of the company’s stock worth $203,000 after purchasing an additional 528 shares in the last quarter. Advisor Partners LLC increased its stake in Dollar Tree by 17.6% during the 4th quarter. Advisor Partners LLC now owns 3,800 shares of the company’s stock worth $436,000 after purchasing an additional 568 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Dollar Tree by 0.8% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 67,569 shares of the company’s stock worth $6,412,000 after purchasing an additional 568 shares in the last quarter. Horrell Capital Management Inc. increased its stake in Dollar Tree by 2.0% during the 4th quarter. Horrell Capital Management Inc. now owns 28,641 shares of the company’s stock worth $3,073,000 after purchasing an additional 571 shares in the last quarter. Finally, Fernwood Investment Management LLC increased its stake in Dollar Tree by 12.6% during the 1st quarter. Fernwood Investment Management LLC now owns 5,350 shares of the company’s stock worth $508,000 after purchasing an additional 600 shares in the last quarter. 91.17% of the stock is owned by institutional investors.
In other Dollar Tree news, Director Conrad M. Hall purchased 10,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was acquired at an average price of $91.83 per share, with a total value of $918,300.00. Following the acquisition, the director now directly owns 799 shares of the company’s stock, valued at approximately $73,372.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Arnold S. Barron sold 6,023 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $94.49, for a total value of $569,113.27. Following the sale, the director now directly owns 26,667 shares of the company’s stock, valued at approximately $2,519,764.83. The disclosure for this sale can be found here. In the last three months, insiders sold 14,861 shares of company stock valued at $1,398,752. 1.50% of the stock is currently owned by insiders.
A number of analysts recently issued reports on DLTR shares. Bank of America increased their target price on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Guggenheim reissued a “buy” rating on shares of Dollar Tree in a research note on Wednesday, January 31st. Loop Capital upped their price target on Dollar Tree from $94.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. They noted that the move was a valuation call. OTR Global initiated coverage on Dollar Tree in a research report on Tuesday, February 20th. They set a “positive” rating for the company. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $128.00 price target (down previously from $138.00) on shares of Dollar Tree in a research report on Tuesday, February 27th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.31.
Dollar Tree opened at $93.68 on Thursday, according to MarketBeat Ratings. The company has a market capitalization of $22.31 billion, a PE ratio of 19.28, a P/E/G ratio of 1.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.60 and a quick ratio of 0.49. Dollar Tree has a 12 month low of $65.63 and a 12 month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.39 billion. Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 EPS. sell-side analysts forecast that Dollar Tree will post 5.7 earnings per share for the current year.
About Dollar Tree
Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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